Northern Rock Mortgage Calculator

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Graham_Devon wrote: »

It seemed to be earlier as I tried it! But like pasturenew says, it's not.

It doubles what you can borrow. So its 3x (approx) for both wages.

Meaning that if one person is out of work, it falls back to six times the one persons wage. Maybe they are starting to update the site and this is part of clowns package aimed at "hard working families" and keeping people indebted?

The calculator states a couple earning 30k betwen them (15K each) can have (in theory) a loan for 84k. Thats £450 a month at a moderate 4% interest rate, repayment.

Imagine trying to pay £450 a month in mortgage only on 15k gross a year if one loses their wage.

Now imagine it when interest rates are at 7% and your mortgage at 10%. Suddenly the rate is £763 per month. Thats nearly the entire wage of one person.

Clown at it again!?!

Thanks for that Graham, oh well looks like the sorry state of affairs is going to drag out longer, the outcome will be the same, but a much slower, agonising fall into poverty awaits for many who believe the bottom is in site and therefore go and buy. Lambs to the slaughter, Clown should be ashamed of himself. Of course he's not, he's looking forward to the American lecture curcuit after June 2010.:rolleyes:

Dan:_4

ad44downey wrote: »

SHOCKING NEWS chucky agrees with Dan:

:rolleyes: